Protectt.ai Raises Rs 76 Cr In Series A Funding

Protectt.ai, a mobile app security startup has raised  (about $8.7 million) in a Series A funding round led by Bessemer Venture Partners.

The company plans to use the new funds to improve its AI-based mobile security platform, create new AI security solutions, expand into the US, Middle East and APAC, and hire more cybersecurity experts.

Read also- Fashion Delivery Platform Slikk Club Raises $3.2 Mn Funding Led By Lightspeed

“This investment will enable us to enhance our technology, scale our operations, and expand into new geographies, reinforcing our position as a leader in mobile app security ensuring hyper growth.” said Manish Mimani, founder and chief executive of Protectt.ai.

About Protectt.ai 

Founded in 2020 by Manish Mimani and Mohanraj Selvaraj, Protectt.ai offers mobile threat defense solutions to help businesses protect their apps from cyber threats and fraud. Its platform also helps mobile app owners stay compliant with regulations from organizations like RBI, SEBI and NPCI.

The company says its technology tracks security settings and threats in real time, making audits and compliance easier.

Protectt.ai claims to protect over 300 million smartphones and process 2 billion app sessions every month, preventing 200 million cyber threats and fraud attempts.

Its solutions serve industries like banking, fintech, insurance, NBFCs, stock exchanges and government apps.

The company also acts as a compliance hub, making sure businesses follow rules set by authorities like the Reserve Bank of India, the Securities and Exchange Board of India and the National Payments Corporation of India.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.